India and Russia Forge Ties in Critical Minerals Hunt

India and Russia are approaching a significant accord on critical minerals, a move set to emphasize the exploration, processing, and technological collaboration of valuable resources like lithium and rare earths.

This initiative, driven by India's desire to reduce its dependency on China, is expected to prompt corporate investments between the two countries. As a part of this strategy, New Delhi has previously inked similar deals with other nations, though with varying degrees of success.

While the Ministry of Mines and Russia's Ministry of Industry and Trade have remained silent on the matter, expectations are high that the agreement will be signed within two months, marking a pivotal step in India's energy transition plans.

(With inputs from agencies.)